Applications are being accepted for Plano’s Home Reinvestment Incentive Program. The program is part of the neighborhood revitalization program that also includes neighborhood vitality and beautification grants.
The city’s incentive program is designed to help homeowners complete renovations for homes, duplexes, townhomes and condominiums 35 years and older. Owners must be current on their taxes and homeowners insurance. The program is also available for rental homes and homes purchased for resale.
The program averages about $4,300 in rebates per project. Private property owners have invested more than $2.6 million in the program in the past 12 months.
“The idea of neighborhood revitalization is focused on making sure that we are providing a balanced workforce and ensuring that we have housing that addresses all aspects of our community,” Neighborhood Services Director Lori Schwarz said. “[We’re] looking at being able to reinvest in those [existing] moderately priced homes.”